Sembcorp Secures 300-MW Hybrid Project in India

• Sembcorp clinches a 300-MW wind and solar project in India, boosting its renewable capacity to 5.4 GW—an exciting leap towards sustainable energy innovation!

Singapore's Sembcorp Industries Ltd has been awarded a 300-MW wind and solar hybrid power project in India by state-owned utility NTPC Ltd. The Letter of Award was given to Sembcorp Green Infra Private Limited, a subsidiary of Sembcorp, as part of a larger 1.2-GW bid. The project will involve constructing, owning, and operating the facilities, with a 25-year power purchase agreement in place to supply electricity to NTPC.

Sembcorp plans to finance the project through internal funds and debt, aiming for commercial operations within 24 months post-PPA signing. With this development, Sembcorp's renewable energy capacity in India will increase to 5.4 GW, contributing to a total global capacity of 16 GW, which includes an upcoming 49-MW acquisition. The hybrid facilities will connect to the Inter State Transmission System (ISTS).

What are the key details of Sembcorp's hybrid power project awarded in India?

Here are the key details of Sembcorp's hybrid power project awarded in India:

• Project Size: The awarded project encompasses a total capacity of 300 megawatts (MW), integrating both wind and solar energy components to enhance efficiency and reliability.
• Awarding Authority: The project was awarded by NTPC Ltd, a major public sector player in India’s energy sector, known for its focus on expanding renewable energy generation.
• Company Involved: Sembcorp Green Infra Private Limited, a subsidiary of Sembcorp Industries Ltd, will take the lead in the development, which demonstrates the company's commitment to expanding its footprint in the renewable sector in India.
• Nature of Agreement: The project operates under a 25-year Power Purchase Agreement (PPA) with NTPC, ensuring long-term revenue stability and facilitating investor confidence.
• Timeline for Commercial Operations: Sembcorp aims to achieve commercial operations within 24 months following the signing of the PPA, indicating a structured approach to project implementation.
• Funding Strategy: The financing of the project will be sourced through a combination of internal resources and debt, reflecting Sembcorp's strategy to leverage its existing capital while optimizing external financing.
• Impact on Renewable Capacity: This project will elevate Sembcorp's total renewable energy capacity in India to 5.4 GW, which underlines the company's significant role in supporting India's transition to cleaner energy sources.
• Global Capacity Expansion: With the completion of this project, Sembcorp's overall global renewable energy capacity will extend to 16 GW, showcasing its ambitions beyond the Indian market.
• Hybrid Technology Advantage: Utilizing hybrid technology helps in overcoming the intermittency issues common to renewable sources, allowing for better energy management and stability in power supply.
• Connection to Grid Infrastructure: The hybrid facilities will be integrated into the Inter State Transmission System (ISTS), facilitating efficient energy distribution and contributing to the national grid's stability.
• Environmental and Economic Implications: The project aligns with India's goal of increasing reliance on renewable energy, potentially reducing carbon emissions and enhancing energy security, while fostering economic growth through job creation in the renewable sector.